KPI Incentives Council
The KPI incentives council (KPIC), as established in proposal 42, oversees the distribution of requested KPI based incentives to strategy providers. Strategy providers can request for the distribution of incentives via a governance proposal and the council is responsible for determining if the cellar meets requirements to receive these incentives.
Additional information about the KPIC can be found in the initial forum discussion.
Cellars Incentivized For Q3
Real Yield ETH - Define Logic Labs
During Q3 2023, the KPIC received one request for incentives from Define Logic Labs for their RYETH cellar. The maximum incentive per quarter is 850,000 SOMM tokens, which corresponds to a performance of 9% APY on a TVL of $20M.
The request from Define Logic Labs can be viewed on the forums here: Real Yield ETH KPI Analysis
During Q3, the RYETH cellar has a geometric mean TVL of 12.7M USD and an APY of 9.08%. More detailed calculations are available in this spreadsheet. Based on the request above, the RYETH cellar qualifies for 550,000 SOMM tokens of retroactive incentives for Q3 2023.